Crypto exchange Bithumb’s $333 Million acquisition may be in jeopardy

A report from The Korea Herald has revealed that the deal to purchase Bithumb may not go through. Fintech firm BK Global Consortium agreed to purchase 51 percent of the exchange from BTC Korean Holdings for $333 million but has reportedly failed to make a full payment by the Sept. 30 deadline. Despite the missed payment Cho Yoon-hyeong , a major investor in the deal, claims that things are still moving along smoothly and details are being worked out with BTC Korean Holdings.

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.